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Asda’s fuel pricier than Tesco, Sainbury’s and Morrisons – RAC

June 5, 2024
in Business
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Asda’s fuel pricier than Tesco, Sainbury’s and Morrisons – RAC
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Asda disputed the findings, saying that prices at its supermarket forecourts specifically remained market leading.

According to its numbers, it sold fuel at its forecourts for 147.78p per litre in May, cheaper than its rivals.

Explaining the higher prices at smaller shops, Asda said that its rates were in line with local market competition.

“Asda was the price leader in the supermarket fuel sector in May and we remain focused on providing our customers with the best value at the pumps as we grow in the convenience sector,” a spokesperson said.

The supermarket chain doubled down on its claim to offer the cheapest fuel prices after it was bought out by the Issa Brothers’ EG Group last year.

Average fuel prices in the UK have been climbing again due to rising global oil prices, although they are expected to fall slightly in the coming weeks.

The RAC said wholesale fuel prices were already coming down but that this was not being reflected at the pumps.

“With only a few exceptions, there doesn’t appear to be much in the way of price competition taking place.”

Credit: Source link

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